In 2020, Tim, a single taxpayer, has ordinary income of $30,000. In addition, he has $2,000 in
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In 2020, Tim, a single taxpayer, has ordinary income of $30,000. In addition, he has $2,000 in short-term capital gains, long-term capital losses of $10,000, and long-term capital gains of $4,000. What is Tim’s AGI for 2020?
a. $26,000
b. $27,000
c. $30,000
d. $32,000
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Related Book For
Income Tax Fundamentals 2021
ISBN: 9780357141366
39th Edition
Authors: Gerald E. Whittenburg, Martha Altus-Buller, Steven Gill
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